From the blog...

Ottawa Market Update for March, 2012

Posted on: April 5th, 2012 by Chris Scott

An early spring brought with it a significant increase in residential sales and, with interest rates remaining low, the market continues to be healthy and balanced.

Members of the Ottawa Real Estate Board sold 1,396 residential properties in March through the Boards Multiple Listing Service® system, compared with 1,240 in March 2011, an increase of 12.6 per cent. The five-year average for March sales is 1,276.

The average sale price of residential properties, including condominiums, sold in March in the Ottawa area was $353,684, an increase of 2.1 per cent over March 2011. The average sale price for a condominium-class property was $267,308, an increase of 5.7 per cent over March 2011. The average sale price of a residential-class property was $375,065, a slight decrease of 0.2 per cent over March 2011.

Each area shows slightly different trends, so if you are curious to know the value of your home on today’s market, give me a call. I’m always happy to talk real estate with anyone!


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